If you're in the market for a new (or newer) vehicle and need more convincing about the benefits of buying a second hand car in Singapore, here are ten apparent and ignored reasons why buying a used vehicle should be a no-brainer.
1. Today's automobiles are more durable.
It might have made more sense a few decades ago to not buy a used car in Singapore merely based on reliability than it does now. This may be why Uncle Frank is constantly advising you to spend a lot of money on a fresh new vehicle. In actuality, modern automobiles and automobile components are more reliable than ever. Automobiles' lifespans have risen, and several various makes and models now exceed 200,000 kilometres.
2. Immediate cost savings.
When you drive a brand new car off the dealership's lot, it immediately begins to depreciate (significantly!). According to CARFAX data, you can lose approximately 10% of the car's worth in the first month and up to 20% over the course of the first year. Following that, the rate of depreciation begins to slow. Thus, when you purchase a used car from a second hand car dealer in Singapore that is several years old, the previous owner has already absorbed the initial depreciation impact, resulting in a significantly cheaper price.
3. You can conduct a test drive in a used car.
You've probably heard of testing to drive a car, but have you ever heard of testing your own one? The latter is gaining popularity, and rightfully so. A fast test drives around the block with the salesperson yammering in your ear provides little information. By contrast, test owning allows you to purchase a vehicle with the assurance that you may return it for a full refund within a few days if you change your mind.
4. Additional budget-friendly options.
When it comes to used automobile shopping, the depreciation element works in your favour. Even if you only consider a second hand car in Singapore that’s a few years old, the pricing will be significantly lower than if you exclusively consider brand-new possibilities. This means you'll have a much broader selection of products to choose from to suit your budget.
5. A thriving used automobile market.
Not only will you have more options to match your budget, but searching for pre-owned vehicles also provides you with a bigger selection. At the moment, Singapore's used automobile industry is quite vibrant, and the experience may be pretty similar to that of purchasing a new car. Marketplaces on Facebook, Kijiji, Autotrader, and Craigslist are not the only options. There are numerous trustworthy sources for purchases, including dealerships and online sellers that sell used cars in Singapore.
6. Conduct an online search on the history of any vehicle.
One of the most common worries, when you buy a used car in Singapore, is not knowing its past. However, there is another worry from the past that your elderly Uncle Frank is unlikely to recognise has passed him by. With the help of services such as CARFAX, you can examine the complete history of any vehicle online with a few mouse clicks or taps of your finger. Each vehicle in Canada Drives' inventory comes with a complimentary CARFAX report.
7. Shop for Certified Pre-Owned vehicles for added peace of mind.
Purchasing a second hand car in Singapore can occasionally be riskier than purchasing a new one. Private sales of second hand automobiles are an excellent example. Certified Pre-Owned (CPO) vehicles offer exceptional value and peace of mind. These are lightly used vehicles that have been meticulously reconditioned and are covered by the manufacturer's or dealership's guarantee. They've been thoroughly inspected to verify mechanical integrity and compliance with strict mileage and age limits.
8. Automobile insurance is less expensive.
While your specific car insurance prices and options will vary by region and vehicle, car insurance for a used vehicle will often be less expensive than car insurance for a new vehicle. This is because second hand cars are often less expensive to replace than new cars for insurance providers.
9. There are options for extended warranties.
While factory warranties are easily transferable to new owners, used car buyers can take advantage of extended warranties even if the factory warranty has expired. This is not always an option, a second hand car dealer in Singapore provides a choice of warranty options for used automobiles, particularly their Certified Pre-Owned vehicles. Purchasing an extended warranty for a used automobile is an excellent method to ensure your purchase is worry-free.
10. Additional online reviews and support.
When you buy a used car in Singapore, it also means that you'll have access to a wealth of hands-on knowledge about the vehicle online, such as YouTube reviews and posts on car forums and Facebook groups. For models that have been around for a few years, this knowledge can be beneficial in shedding light on typical difficulties, concerns, and basic troubleshooting techniques.
Only trust reliable dealers that sell used cars in Singapore. Visit Amobee - GOwheeler Pte Ltd, the best car dealer in Singapore, and explore their promising inventory.
